The new agreement appears to be very good for both parties. MGL reduces the debt load now and in return SMM obtains a piece of The future where their decision is rewarded....low cost smelter, strategic Chinese cornerstone investor, world wide distribution and research/ development second to none. You could not pass this up. The team at magontec have negotiated well to obtain this for two million dollars down, ten million goes away. And keep a major shareholder.
The new agreement appears to be very good for both parties. MGL...
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